Question

A sum of ₹ x amounts to ₹ 4,050 in 1 year and to ₹ 4,723.92 in 3 years at compound interest, when the interest is compounded annually, at a certain rate percentage per annum. What will be the simple interest on the same sum at the rate for 4( 2/5) years?

A ₹ 1,320
B ₹ 1,350
C ₹ 1,340
D ₹ 1,310
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